Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2016

Allowance for Credit Losses [Abstract]

Activity in the Allowance for Credit Losses

	Three Months Ended March 31
(Dollars in millions)	2016			2015
Balance, beginning of period		$1,815			$1,991
Provision for loan losses	103			55
(Benefit)/provision for unfunded commitments	(2		)	—
Loan charge-offs	(112		)	(130		)
Loan recoveries	27			31
Balance, end of period		$1,831			$1,947
Components:
ALLL		$1,770			$1,893
Unfunded commitments reserve 1	61			54
Allowance for credit losses		$1,831			$1,947

¹ The unfunded commitments reserve is recorded in other liabilities in the Consolidated Balance Sheets.

Activity in the ALLL by Segment

	Three Months Ended March 31, 2016
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance, beginning of period		$1,047			$534			$171			$1,752
Provision/(benefit) for loan losses	98			(32		)	37			103
Loan charge-offs	(32		)	(41		)	(39		)	(112		)
Loan recoveries	10			6			11			27
Balance, end of period		$1,123			$467			$180			$1,770
	Three Months Ended March 31, 2015
(Dollars in millions)	Commercial			Residential			Consumer			Total
Balance, beginning of period		$986			$777			$174			$1,937
Provision for loan losses	7			25			23			55
Loan charge-offs	(28		)	(68		)	(34		)	(130		)
Loan recoveries	11			9			11			31
Balance, end of period		$976			$743			$174			$1,893

Loans Held for Investment portfolio and Related Allowance for Loan and Lease Losses

	March 31, 2016
	Commercial				Residential				Consumer				Total
(Dollars in millions)	Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL
Individually evaluated		$521		$34		$2,555		$242		$131		$7		$3,207		$283
Collectively evaluated	76,974		1,089		36,189		225		23,121		173		136,284		1,487
Total evaluated	77,495		1,123		38,744		467		23,252		180		139,491		1,770
LHFI at fair value	—		—		255		—		—		—		255		—
Total LHFI		$77,495		$1,123		$38,999		$467		$23,252		$180		$139,746		$1,770

	December 31, 2015
	Commercial				Residential				Consumer				Total
(Dollars in millions)	Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL		Carrying Value		ALLL
Individually evaluated		$218		$28		$2,527		$252		$131		$7		$2,876		$287
Collectively evaluated	75,034		1,019		36,144		282		22,131		164		133,309		1,465
Total evaluated	75,252		1,047		38,671		534		22,262		171		136,185		1,752
LHFI at fair value	—		—		257		—		—		—		257		—
Total LHFI		$75,252		$1,047		$38,928		$534		$22,262		$171		$136,442		$1,752